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Two More Oil Tankers Attacked Near Strait of Hormuz
Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off ...
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1. President Donald Trump’s plan t...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Central Asia Blackout Traced to Key Hydropower Plant
Kyrgyzstan has provided some clarity on the source of the recent blackout that impacted four states in Central Asia, while vigorously denying blame for the cascading outage. Power outages were first ...
World's Largest Electric Plane Flies for 27 Minutes on $5 of Power
The world’s largest battery-electric aircraft has completed its first flight using just $5 worth of electricity, with Heart Aerospace’s 25,000-pound X1 demonstrator flying for 27 minutes and putting a ...
The Strongest El Niño on Record Lands on the Tightest Energy Market in Years
Romania spent more than 2 million euros this month detonating rocks and sinking barges in the Danube, trying to shove enough water toward the Cernavoda nuclear plant to keep its reactors cool. It didn ...
Saudi Aramco Gives Full September Oil Allocations to 3 European Refiners
Saudi Aramco will supply full contractual crude volumes to at least three European refiners in September, offering deliveries from Egypt, Saudi Arabia and through ship-to-ship transfers off Malta as t ...
UK Inflation Jumps to 2.9% as Energy Bills Bite
Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth. The Office for National Stati ...
UAE Freezes Trade With Iran After Missiles Fall Near Its Coast
The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles targeting its territory. Late on Tu ...
EIA Shows Crude Oil Inventories Still Rising
Crude oil inventories in the United States saw a massive increase of 4.4 million barrels during the week ending August 14, according to new data from the U.S. Energy Information Administration (EIA) r ...
Fire Breaks Out at Rosneft-Owned Refinery After Ukrainian Drone Strike
Ukraine hit a refinery in Russia’s Bashkortostan region overnight in a drone attack that sparked a fire, as Kyiv continues to pound Russian energy infrastructure to reduce Russian fuel supply. One of ...
Ukraine’s Ousted Defense Chief Calls for Wartime Elections
A popular former defense minister whose dismissal last month sparked protests has delivered a videotaped address to Ukrainians in which he assailed wartime corruption, warned of a systemic crisis of g ...
Trump Dangles Keystone XL Revival as Canada Tariff Deadline Looms
Canada has won a three-day reprieve from President Donald Trump’s threatened 50% tariffs, but a final trade deal remains hung up on Canadian auto exports, leaving Washington and Ottawa until Friday to ...
Iran War Set to Drive UK Energy Bills to 3-Year High
UK household energy bills are set to further rise from October by 4% to their highest level since the summer of 2023, as the Iran war has tightened global gas supply and made gas restocking in Europe ...
Murban Crude Jumps to 4-Month High as ADNOC Curbs Supply to Asia
The price of Murban Crude, the flagship grade of the United Arab Emirates, surged to a four-month high this week, amid reports that the UAE’s national oil company ADNOC will reduce its immediate crude ...